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ROW LICENSE AGREEMENT/ENTRANCE MONUMENT TO PARK PLACE 041-10/98 FRI 14:33 FAX JOHNSON BLAKELY 14I002 .1 I RIGHT -Of?-WA Y LICENSE AGREEMENT THIS RIGHT-OF-WAY LICENSE AGREEMENT (this "License Agreement") is made and entered into this April ~, 1998, between the CITY OF CLEARWATER, FLORIDA, a Florida municipal corporation, ("City") and THE GRAND RESERVE AT PARK PLACE LIMITED PARTNERSHIP, a Delaware limited partnership, whose address is 1101 North Lake Destiny Drive, Suite 400, Maitland, Florida 32751 ("L icensee"). WHEREAS, an entrance monument structure (the "Entrance Monument") located at Gulf-ta-Bay Boulevard and Park Place Boulevard lies within the right-of-way of Park Place Boulevard ("Right-of-Way"), within the corporate limits of the City, upon land dedicated to the public or owned by the City and managed by the City as a public right-of-way; and WHEREAS, the Licensee is the owner of, and has responsibility for the maintenance of the Entrance Monument, and desires to maintain the Entrance Monument in its present location; and WHEREAS, the City agrees to permit the continued presence of the Entrance Monument in the right of way pursuant to the terms of this License Agreement; NOW, THEREFORE, in consideration of the mutual covenants herein set forth, the parties hereto agree as follows: 1. The City shall permit the Entrance Monument to continue to occupy its present location and, except as provided by this License Agreement, will not interfere or interrupt the Licensee's enjoyment of the continued presence of the Entrance Monument. 2. The Licensee shall keep the Entrance Monument clean, neat, and in good repair at all times. The Licensee shall commence and complete all necessary maintenance and repair work on the Entrance Monument as necessary, but not later than 45 days following receipt by the Licensee of written notice from the City that such work is necessary, and the expiration of the foregoing time periods, or within such longer time as may be approved by the City. Upon failure of the Licensee to effect such maintenance or repair work in a timely manner following notice to the Licensee that such work is necessary, and the expiration of the foregoing time periods the City may remove and dispose of the Entrance Monument without further notice. 3. The Licensee shall indemnify and hold harmless the City and its officers, agents, and employees against any claims for bodily injury or property damage from the negligent acts of Licensee or its officers, agents or employees. excluding claims or actions arising solely from negligent acts of the City or its officers, agents or employees. Or /'/fr,.r"..~ l/ --' ,,:' ~;) I "- '-"} I p''') <>< ) 04t10/98 FRI 14:33 FAX JOHNSON BLAKELY 14I003 I I 4. The Licensee shall purchase and maintain in full force and effect for so long as the Entrance Monument is located in the Right-of-Way a commercial general liability insurance policy (CG 00 01 - Occurrence type) in the minimum amount of $500,000. This policy will name the City of Clearwater as an additional insured. In addition, the Licensee will provide annually to the City (Attention: City Clerk) a current certificate of insurance identifying the insurance company, policy number, insured parties, coverage, effective dates and the name, address and telephone number of the insurance agency or broker issuing the certificate of insurance so that the City at all times has a current certificate of insurance in its possession. At any time upon written request of the City, the Licensee will provide a copy of its insurance policy to the City or produce the original policy so that the policy may be photocopied by City personnel. 5. This License Agreement shall be subject to termination by the City in the event of anyone or more of the following events, but in no event earlier than ten (10) years after the date of this Agreement a. The material default by Licensee in the performance of any of the terms, covenants, or conditions of this License Agreement, and the failure of the Licensee to remedy, or undertake to remedy, such default within the specific time period stated in this License Agreement, provided, however, if no specific time period is stated herein to remedy a particular default or to take a partiCUlar course of action, then it is agreed by the parties hereto that Licensee shall have a period of thirty (30) days after receipt of notice from City to remedy the default or complete a particular course of action required of Licensee. b. The City detennines at a duly constituted City Commission meeting that a public need exists for the premises consistent with the City's Charter and serves licensee with sixty (60) days' notice of such intended use. c. Licensee's removal of the monument. d. Destruction of the monument without replacement thereof within ninety (90) days following such destruction. 6. Upon proper termination of this license, Licensee, at its sole expense, shall remove from the premises any monument which Licensee was permitted to install or maintain in the City's Right-Of-Way under the terms of this License Agreement. City may effect such removal at Licensee's expense should Licensee fail to remove said monument from the premises within thirty (30) days after receipt of written notice following termination of this License Agreement. Licensee agrees to pay City promptly in the event of such circumstance upon presentation of a proper invoice. 7. At any time during the terms of this agreement, if the monument is deemed in good faith and based upon sound engineering principals, to constitute a safety hazard by the City Public Works Director it shall be removed at the Licensee's expense within thirty (30) days after receipt of written notice from the City. 2 04)10/98 FRI 14:33 FAX JOHNSON BLAKELY 14I004 ) I 8. Notwithstanding anything to the contrary contained or complied or implied herein, this License Agreement is not intended and shall not be deemed to benefit any person not a party to this License Agreement. It being expressly acknowledged that the obligations herein shall be enforceable only by the parties hereto. IN WITNESS WHEREOF, the parties hereto have executed and affixed their officials seals to this agreement on the day and year first above written. Countersigned: CITY OF CLEARWATER, FLORIDA By:jl City Manager Approved as to form and legal sufficiency Attest: ~ City Attorney -~ ,-- lerk Witnesses: LICENSEE: THE GRAND RESERVE AT PARK PLACE LIMITED PARTNERSHIP, a Delaware limited partnership By:~;?/~h Title: IA5/~"f 9~/1, !,J(.. 041101981:31 PM d-1 37262.94979 #0138781.01 3